AI-generated representative image showing a renovated white historic chapel with a golden steeple, illustrating the transformation of a former church into a holiday rental and event space. Credits – Gemini
Approximately 3,000 new Protestant churches were founded and 4,500 closed in the US in 2019, according to Lifeway Research. In 2021, O’Mara and Adam Dunnigan purchased a deteriorating chapel built in 1909 in Detroit Lakes for $115,000. They spent roughly a year and $400,000 converting it into an Airbnb and event space. In July 2024, O’Mara told Business Insider that the property generated about $40,000 in annual gross revenue, and the couple had listed it for $549,900. By April 2025, the asking price had dropped to $499,000, according to Valley News Live. they noticed a small white chapel with a golden steeple on a tract of around 2.5 acres While playing a round in Detroit Lakes in the summer of 2021. Valley News Live reported that insulation alone costs $26,000 and the septic system another $15,000. O’Mara said the 65-foot steeple was the hardest part to restore. Add the renovation figure to the purchase price and the total comes to roughly $515,000. Business Insider reported an initial asking price of $549,900 in July 2024. By April 2025, Valley News Live reported that the price had been reduced to $499,000. The chapel cost $115,000, and the reported renovation spending brought the combined amount to about $515,000 before other expenses. The estimated $40,000 in annual gross revenue does not account for operating costs, and the property’s asking price does not prove what a buyer would ultimately pay.
Because their work schedules were demanding and they wanted to focus on a vacation property they had purchased in Portugal, credits – Gemini What it earned The couple later decided to sell. These figures provide a picture of the purchase, renovation and reported income, but they do not establish the property’s overall profitability. These were asking prices, not confirmed sale proceeds, and they do not establish whether the couple recovered the purchase and renovation costs.
The town is closer to Fargo, N.D., than it is to Minneapolis, and O’Mara said its population typically triples when the weather is warm, which made the concept of a rental a bit easier to believe. That sum says nothing of the time two working parents gave to the project. Small churches that once served as the centre of entire towns are becoming less active across the American Midwest. Many of those structures later serve as residences, studios or vacation rentals, but the entire cost of such a project is rarely disclosed. Compared to most, a church in northwest Minnesota provides a crisper picture. A chapel on the hill By chance, or more by golf, the pair found it. She’s in residential real estate, and Adam is an engineering director, so neither was starting from scratch. Two contractors took one look at the chapel and walked away. A local builder whose father had made church altars agreed to take it on. The work covered new support beams, insulation, a septic system, heating and cooling, plumbing and electrics, and the couple chose to keep several original features rather than strip them out. The result was a three-bedroom home with two and a half bathrooms that doubles as a rental and a venue. AI-generated representative image showing a renovated chapel interior with preserved timber architecture, comfortable seating and space for private gatherings. The project illustrates why the purchase price alone does not reveal the cost of converting an old building into a rental property. The case offers a useful look at the financial demands of converting an unusual historic building, but the available figures are not enough to determine the couple’s overall profit or loss. You use AI every day. Now get your AI Quotient. Take the AIQ test.
Fox 9 reports it was consecrated in June 1909 for the Saron Norwegian Lutheran congregation, while Valley News Live says services ended in 1960. The chapel was moved to its present home in 2000 and was a store and a location for events before the Dunnigans came. It was listed at $115,000 and was 3,061 sq. ft. Business Insider noticed that Zillow had the average property value in Detroit Lakes at $373,252; thus, the sticker price looked like a deal. Where the money went The property operated throughout the year, with guests paying roughly $250 a night, according to O’Mara. In June 2024, the Dunnigans also renewed their wedding vows there after 15 years of marriage. O’Mara estimated annual gross revenue at about $40,000.
The peeling paint on the structure had a long history behind it. Guests used it for graduations, birthdays, anniversaries, weddings and baby showers. That figure represents income before cleaning, utilities, insurance, taxes, maintenance and other operating expenses are deducted, so it should not be treated as profit.